In August, influenced by the U.S. financial holidays, the cryptocurrency market entered the traditional trading off-season. Historical data shows that the performance of cryptocurrencies during this period is usually unsatisfactory. However, despite facing numerous challenges such as the upcoming speech by Federal Reserve Chairman Powell and the fall in U.S. stocks, Ethereum (ETH) has demonstrated remarkable resilience, providing investors with an attractive entry opportunity.

As the expectation of a 25 basis point rate cut in September approaches, market sentiment is gradually warming up. Unless there are significant changes in the US stock market, the cryptocurrency market is likely to continue its upward trend, providing investors with considerable trading opportunities.

For spot investors, the current market pullback is an excellent opportunity to gradually position themselves. A wise investment strategy is to seize opportunities during market declines and gradually build positions. This not only diversifies risks but also allows for better returns when the market rebounds in the future.

It is worth noting that although mainstream cryptocurrencies such as Bitcoin and Ethereum often lead market trends, investors should also closely monitor the performance of other potential coins. During the overall market stabilization and recovery process, some quality small-cap cryptocurrencies may experience significant growth, providing investors with additional profit opportunities.

Overall, although the market may still experience fluctuations in the short term, the long-term outlook for the cryptocurrency market remains bright. Investors should maintain rationality, manage risks effectively, and patiently position themselves during market adjustments to prepare for a potential bull market in the future.